learning-to-earn platform Dohrnii Labs has submitted a report to the police in the United Arab Emirates, accusing the local cryptocurrency exchange Blynex of unauthorized liquidation of its tokens and failure to provide promised loans.

According to a statement, Dohrnii Labs deposited 12,649.99 Dohrnii (DHN) tokens into Blynex, worth over $500,000. On March 23, the company stated that it used 8,650 tokens as collateral for a 30-day loan, in exchange for 80,000 USDT.

Dohrnii claims that the exchange never delivered the USDT. Additionally, the team stated that Blynex liquidated all 8,650 DHN positions on Uniswap, obtaining 149,151 USDT and causing a drop in the token's market value. The company stated that attempts to withdraw the remaining 4,000 DHN tokens were unsuccessful.